Poloz tells Calgary to "adjust"
"Canadians should heed the signals sent by price movements. We've adjusted to rising prices; we can adjust to falling ones. These adjustments are never easy. They are often difficult and painful for affected individuals and their families. But they are necessary," he said.
The only role the Bank of Canada can play in the cycle is to keep inflation in check through monetary policy, Poloz said.
Data come from here.